FOUNDATION FOR INNOVATIONS IN MEDICAL EDUCATION - CO BETTY KERPEN

EIN: 271408673 501(c)(3) Health Care

OYSTER BAY, NY

Total Revenue
$110,348
Total Expenses
$56,289
Total Assets
$853,744
Net Assets
$853,743
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
HOWARD KERPEN MD FACP
Phone
5169223383
Tax Period
2024-12-01 to 2025-11-30

FOUNDATION FOR INNOVATIONS IN MEDICAL EDUCATION - CO BETTY KERPEN, founded in 2009, is a small nonprofit in the Health Care sector that reported $110K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 49% operating margin.

Mission

THE FOUNDATION FOR INNOVATIONS IN MEDICAL EDUCATION INTENDS TO ENHANCE THE PURSUIT OF INNOVATIVE CONCEPTS IN THE FIELD OF MEDICINE. MORE SPECIFICALLY, ADDITIONAL GOALS ARE AS FOLLOWS: A) IMBUE WITHIN MEDICAL STUDENTS AND RESIDENTS A SENSE OF COMMUNITY OBLIGATION AND AN ONGOING DEDICATION TO CONTINUED LIFELONG LEARNINGB) EXPLORE NOVEL MEANS OF ENHANCING THE EDUCATION OF PRACTIONERS,EXPOSE PRACTIONERS TO EVOLVING TOPICS IN MEDICINE, AND TO INCORPORATE THEM INTO TEACHING THE NEWEST GENERATION OF PHYICIANS-IN-TRAINING. (IN OTHER WORDS, WE SEEK TALENTED PHYICIANS, SEEK WAYS TO ENSURE THEY ARE UP-TO-DATE & FIND WAYS TO USE THEM TO TEACH DOCTORS-IN-TRAINING.)C) EMPHASIZE THE USE OF MEDICAL INFORMATICS TO STREAMLINE LEARNING, AND TO DEVELOPE TOOLS BY WHICH HOUSE OFFICERS CAN BETTER COMMUNICATE WITH EACH OTHER AS WELL AS OTHER HEALTH CARE DELIVERERS, AND THUS REDUCE MEDICAL ERRORS.D) IDENTIFY SENTINEL EVENTS WHICH REPRESENT GLOBAL DEFICITS IN MEDICAL KNOWLEDGE AND SEEK TO CORRECT THEM.E) DEVELO

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $79,036
Program Service Revenue $0
Investment Income $31,312
Other Revenue $0
TOTAL REVENUE $110,348

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,289
Other Expenses $31,289
TOTAL EXPENSES $56,289

Year-over-Year Comparison

2024 2023 Change
Revenue $110,348 $75,048 +0.5%
Expenses $56,289 $57,455 0.0%
Net Income $54,059 $17,593 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD KERPEN MD FACP President 7.00
Officer Director
$0 $0 $0
BETTY KERPEN Secretary/Treas 7.00
Officer Director
$0 $0 $0
HARRY STEINBERG MD Director 1.00
Director
$0 $0 $0
PAUL GITMAN MD MACP Director 1.00
Director
$0 $0 $0
HARRY STEINBERG MD Director 1.00
Director
$0 $0 $0
STEVEN ORSHAN MD Director 1.00
Director
$0 $0 $0
RACHEL PESSAH POLLACK MD Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $110,348 $56,289 $853,744 $54,059
2024 $75,048 $57,455 $799,559 $17,593
2023 $92,320 $82,926 $781,966 $9,394
2022 $74,716 $17,548 $772,572 $57,168
2021 $65,570 $69,608 $715,404 $-4,038
2020 $130,177 $22,514 $719,442 $107,663
2019 $110,428 $61,794 $611,779 $48,634
2018 $170,161 $62,688 $563,145 $107,473
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